College of the Oazarks, a private college four-year college in Missouri, is extremely worried about the debt students will be in after they graduate.
They are so concerned, in fact, that they no longer take students who "insist on taking loans," according to Reuters.
College of the Ozarks, has a student population of about 1,400, and is an evangelical Christian college located in Branson Missouri. The college is far from your typical post-high school institution.
All of the students don't pay tuition and work on campus , said President Jerry Davis, according to Reuters.
According to the school's website, of each entering class, 90 percent must show a need for financial help. The school says this is taken care of by state and federal aid, campus work-which the students receive credit for-and, if necessary, a college scholarship.
Davis believes his institution is only helping the students.
"We are basically just trying to look out for the students' interests," he told Reuters. "Kids nowadays are not very sophisticated with money. Debt is a big problem all over the country."
David said the university no longer works with students or banks in the case of loans. So if a bank calls to make sure the student is enrolled so that can receive a loan, the school will not cooperate.
Currently, that puts 99 students who are enrolled in the college, at risk if they absolutely needed the loan, Reuters reported.
Davis said his school, which according to Rueters "was rated the best education value among Midwestern regional colleges by U.S. News and World Report", has a low percentage of graduates with loan-causing debt.
If students insist on taking out loans, then he says college of the Ozarks is not for them.
According to Davis, the school will create more work opportunities for students.
